Real Estate Law

Toronto Zoning By-laws Explained

Toronto Zoning By-laws Explained

Understanding Toronto’s zoning by-laws is beneficial for clients engaged in real estate transactions or development projects. This article aims to provide an overview of the elements governing zoning in Toronto. What is a zoning By-Law? A zoning by-law is a legal regulation enacted by a municipal government to govern the use, development, and management of

Toronto Zoning By-laws Explained Read More »

Property Tax Ontario

Property Tax in Ontario and Legal Considerations

Owning property in Ontario entails various financial obligations, including property tax. This levy is vital for financing municipal infrastructure maintenance, public education, and emergency services. However, the complexities surrounding property tax and associated legal considerations often confuse homeowners and potential buyers. This article aims to elucidate the essential aspects of property tax in Ontario and

Property Tax in Ontario and Legal Considerations Read More »

Pre-Construction Home

Buying a Pre-Construction Home in Ontario: 5 Things to Consider

Purchasing a pre-construction home in Ontario can offer numerous benefits, such as modern amenities, energy-efficient designs, and customization options. Here are five aspects you should consider. 1. Research the Builder’s Reputation The reputation of your builder is critical for ensuring a smooth and satisfactory process. A reputable builder is likely to adhere to schedules, offer

Buying a Pre-Construction Home in Ontario: 5 Things to Consider Read More »

Purchase of Residential Property by Non-Canadians Act

Prohibition on the Purchase of Residential Property by Non-Canadians Act

Prohibition on the Purchase of Residential Property by Non-Canadians Act S.C. 2022, c. 10, s. 235 came into effect on January 1, 2023. This ban is meant to address housing affordability and property speculation concerns. This article provides an overview of this legislative enactment, its key provisions, and its potential impact on non-Canadian individuals and entities.

Prohibition on the Purchase of Residential Property by Non-Canadians Act Read More »

Toronto Vacant Home Tax

Vacant Home Tax in Toronto: What you need to know

In February 2022, the City of Toronto introduced the City of Toronto Municipal Code Chapter 778, a significant piece of legislation addressing a pressing issue within the city—the problem of vacant residential properties. In this article, we will delve deeper into the key aspects of Toronto’s Vacant Home Tax, offering a comprehensive overview in plain

Vacant Home Tax in Toronto: What you need to know Read More »

Construction Draw Mortgage

Construction Draw Mortgage in Ontario: Advantages & Process

When building or renovating a home, the planning process must be done carefully, particularly regarding financing. Construction Drawing Mortgage has become a favoured financial solution for these construction projects. We will go into the details of this financial tool in this article. What is a Construction Draw Mortgage? Construction Draw Mortgage is designed to finance

Construction Draw Mortgage in Ontario: Advantages & Process Read More »

Navigating Short-Term Rentals in Toronto

Short-Term Rentals in Toronto: Navigating the Regulation

Short-term rentals powered by platforms like Airbnb have emerged as popular alternatives to traditional hotels. For a city as dynamic and sought-after as Toronto, this has implications for hosts, guests, and long-term residents. As such, Toronto has established regulations to balance economic opportunities with community well-being. The City of Toronto Chapter 547 regulates short-term rentals

Short-Term Rentals in Toronto: Navigating the Regulation Read More »

Five Things to Avoid When Buying or Selling Real Estate

Five Things to Avoid When Buying or Selling Real Estate

Real estate transactions require careful attention to detail, from legalities to financial considerations. Let’s dive into the five pivotal missteps in property transactions and learn to navigate them. 1. Forgoing Professional Advice Why it’s a Mistake: While online resources provide a wealth of information, they cannot replace the experience of professionals who understand the nuances

Five Things to Avoid When Buying or Selling Real Estate Read More »

Backing out of Real Estate Deal

Backing Out of a Real Estate Transaction in Ontario: Legal Implications

Real estate transactions involve significant financial implications and legal formalities. However, situations might arise when a party wants or needs to withdraw from a transaction. In Ontario, the legal consequences of such a decision can be substantial. This article explores the legal implications individuals and entities might face when retracting from a real estate agreement

Backing Out of a Real Estate Transaction in Ontario: Legal Implications Read More »